The stock market regulator served a show-cause notice to Beximco Pharmaceuticals and its auditor as the drug maker had its financial statements audited by the same firm for a decade in violation of securities rules. The newly-formed securities commission sought an explanation from the company and
The board of directors of JMI Syringes & Medical Devices Limited has recommended 10 per cent cash dividend for the year ended on June 30, 2024, said an official disclosure on Tuesday. The final approval of dividend will come during the Annual General Meeting (AGM) scheduled to be held on December
Stocks opened higher on Tuesday, as optimistic investors putting fresh funds on lucrative shares in anticipation of short-term gain after a recent sharp correction. The prime index of the Dhaka Stock Exchange (DSE), went up by 72 points or 1.39 per cent to 5,245 within the first hour of trading at
IDLC Finance secured an 80 per cent higher profit in its third quarter through September this year, compared to the same quarter a year ago, on capital gains from good shares. According to a stock exchange filing on Monday, the non-bank financial institution (NBFI) secured earnings of Tk 503 milli
The Dhaka Stock Exchange (DSE) on Monday decided to elevate three companies to 'A' and 'B' categories from 'Z' category after they had reported disbursement of cash dividends. The companies are Union Insurance, Shepherded Industries, and Advent Pharmaceuticals. The decision will be brought into ef
LafargeHolcim Bangladesh witnessed a 45 per cent year-on-year decline in profit in the third quarter through September (Q3) this year due to lower sales amid lingering macro-economic challenges. The cement manufacturer's sales dropped 2 per cent year-on-year to Tk 6.27 billion in the quarter, acco
The Dhaka Stock Exchange (DSE), the country's main capital market, showed signs of recovery in early trading on Monday, following a five-day losing streak. In the first two hours of trading, share prices of 160 companies increased, while three key indices also posted gains. The DSE saw mixed movem
Premier Cement Mills PLC, one of the leading cement makers in Bangladesh, returned to profit in FY24 riding on higher sales and reduction of raw material prices, after suffering losses in the past two consecutive years. The cement maker made a profit of Tk 742 million in FY24 while it suffered a l
The country's equity index plunged to 5,161 points, the lowest in four months, on Sunday although the finance ministry and the securities regulator have taken several measures to improve the market. The broad index fell sharply for the fifth consecutive session as panic-driven investors mounted se
DBH Finance secured a remarkable 40 per cent year-on-year growth in profit to Tk 333 million in the third quarter (Q3) this year, riding on substantial investment income from government securities. The earnings per share (EPS) jumped to Tk 1.68 for July-September this year from Tk 1.20 for
Stocks opened lower in early trading on Sunday, with participation of investors remaining low, as investors were mostly reluctant to invest in shares to avoid further capital erosion. Investors preferred to trim their equity exposures and adopted a wait-and-see approach amid uncertainties surround
Stockbrokers play a big role as market intermediaries and so they must be made accountable for investors to regain confidence in the capital market. Talking to the FE, several brokerage firms said public perceptions about brokers were not good because of a handful of organisations who had defraude
Jamuna Bank PLC posted an impressive 38 per cent year-on-year growth in profit for the third quarter (Q3) of this year, owing to higher interest and investment income along with increased income on commission, exchange and brokerage. The third generation private commercial bank has reported
